> Second, buydowns fly in the face of what the Fed has been trying to do: tamping down on property purchases to bring demand and supply into better balance. Th

> Second, buydowns fly in the face of what the Fed has been trying to do: tamping down on property purchases to bring demand and supply into better balance. This is an editorial, so the rigor is unclear. Is it actually the Fed's intention to reduce the demand for housing by raising interest rates? If so, it is short sighted to reduce short term demand for housing in a way that reduces the long term supply of housing.